GDP was also downgraded on an annual basis, increasing by 1.7% between 2016 and 2017 - a downward revision of 0.1% from the preliminary estimate and slightly lower than the 1.9% growth seen between 2015 and 2016.
The UK economy expanded by less than previously thought in the last three months of 2017, official figures say.
UK's economy has recorded previous year a total growth of 1.7 percent, a littler lower than expected.
"Unemployment remains relatively low by historical standards and there are still 10,000 fewer people unemployed in Scotland than this time a year ago".
The statistics body said that household spending grew by 1.8% a year ago, also the slowest annual rate since 2012.
Markets are now betting the BoE will raise rates at least once this year while pricing in interest rate derivatives markets, which enable investors to protect themselves against changes in interest rates, currently implies around a 50% probability of two rate rises from the BoE in 2018.
In a statement accompanying Thursday's downward revision, agency statistician Darren Morgan noted that a number of consumer-facing industries slowed "as price rises led to household budgets being squeezed".
Scotland's unemployment rate higher than UK-wide total
Yael Selfin, chief economist at KPMG in the United Kingdom, described the productivity figures as "very encouraging".
Sterling was quoted 0.14% lower at 1.3889 against the US Dollar and the Pound-to-Euro rate was marked 0.24% lower at 1.1299. Offsetting that, the three months to September was revised up to 0.5 per cent. Between the third and fourth quarters, transport, storage and communication grew by 1.1%; business services and finance were up by 0.9%; and government and other services increased by 0.2%.
Britain's powerhouse services sector, which counts for almost 80% of economic growth, expanded by 0.6% during the three-month period thanks to a robust performance from business and financial services. The gross fixed capital formation rose1.1% in the fourth quarter.
On net trade, the deficit widened by £2.5 billion to £12.2 billion quarter on quarter following a hefty jump in the cost of imported fuels.
He said: While an upturn in pay growth opens the door further for interest rates to rise again, possibly as soon as May, signs of the labour market losing steam add to worries that the economy is struggling under heightened uncertainty.
"The UK economy is still estimated to have slowed markedly in the first half of 2017 as higher inflation - linked primarily to the weaker pound after the Brexit vote - dampened real household spending power".
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